Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
It Is Happening Every Day, Every Where
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
The president’s top advisers acknowledged President Trump’s sweeping tariffs could raise prices but said an economic adjustment that would ultimately benefit American workers was overdue.
Trump’s political strength is built on the economy. If it sinks, he could drag his party down with him.
President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.
Voters were bracing for the effects of President Trump’s recent tariffs in their own lives, but some said they were, for now, waiting and watching to see how all of this plays out.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.
Swiss companies bemoan the loss of a reliable partner, and called the 32 percent tariff “incomprehensible.”
After China announced new retaliatory measures against the United States, President Trump responded that Beijing “PLAYED IT WRONG.”
The gain was stronger than expected, though the impact of President Trump’s tariffs and other policies on the labor market has yet to play out.
Whether the Kremlin is serious about peace talks to end the Ukraine war will become clear soon, the secretary of state said.